Interest rates in the Treasury market are climbing as investors are pleased by strong economic and earnings reports from around the world.
The price of the 10-year note dropped 37.5 cents to $104.594 Monday afternoon, while its yield jumped to 2.95 percent from 2.91 percent late Friday. That yield helps set interest rates on mortgages and other kinds of loans.
Stock markets rallied at the opening bell on upbeat economic news from China and earnings reports from European banks. Investors were also encouraged by a surprisingly good report on U.S. manufacturing.
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